Book: More Than a Game

A fairly interesting basketball book co-authored (in alternating chapters) by Phil Jackson and Charlie Rosen. Jackson’s prose is kind of wooden but they both have some interesting stories from basketball history. The centerpiece is Jackson’s account of the Laker’s first championship under his coaching.

Book: When Genius Failed: The Rise and Fall of Long-Term Capital Management

The quick rise and fall of an enormous hedge fund, staffed by smart guys and Nobel economists. It had to be rescued to prevent a possible global financial meltdown and its fall demonstrated the fallacy of the Efficient Markets Hypothesis. And it all turned out to be just a sampler of what was to come in 2008. Hooray!

Book: The Globalization Paradox: Democracy and the Future of the World Economy

Rodrik presents economic globalization as a trilemma: amongst democracy, high-levels of globalization, and nation states, you can pick any two. And since we’re unlikely to see the end of the last, and we don’t want to give up the first, globalization in its more extreme forms will have to go.